March 9 (Reuters) - Comerica Inc (CMA.N: Cotización), a large U.S.
regional bank, said it priced an offering of more than 22.8
million of its shares at $35 a share.

The company said it expects the net proceeds from the
offering to be about $800 million, which will be used to repay
the U.S. Treasury's funds. [ID:nSGE6270L0]

Comerica said it intends to notify the U.S. government of
its intention to redeem all 2.25 million shares of its Series
F, fixed rate cumulative perpetual preferred stock, as issued
to the Treasury under its capital purchase program.

Analysts Lana Chan and Virginia Chiarello of BMO capital
markets cut their rating on the stock to "market perform" from
"outperform", citing the bank's plan as a dilutive capital
raise.

Comerica, which has been hurt by credit problems tied to
residential real estate developers, posted its fourth-straight
quarterly loss in January.
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